Topic: Apple pay will make bitcoin (even more) useless. Let's deal with it. (Read 7900 times)

I think so too.. That is why bitcoin is still on down side as of today.

There is a fundamental flaw in this sentence.

There is a difference between the moron that "Invests" in Gold at $1800 because is "going to da moon and JP Morgue and the Banksters are rigging COMEX" and the guy that don't believe in the current fiat system and purchases a roll of american silver eagles each year and a St. Gaudens every year on his birthday. For this last guy, the price is irrelevant.

Don't get me wrong, every profit *realized* (this word is very important) is always welcomed, and everyone loves to earn a buck, either in a 3x2 savings in the Mall or selling checkCoin at 3200 satoshis and repurchasing it at 1700. 

But i know a lot of people that are buying Bitcoins since a couple years now. They buy at $200, they buy at $600, they buy at $800 and now at $400. They buy it, reinvest it on mining, startups, NXT Asset Exchange companies, Exchanges stocks, etc. They are effectively "investing" on BTC. But thats not a buy low sell high scheme.

You sound like the standard case of latecomer looking for a quick buck. You will get burned that way. Stabilize your priorities, set yourself a goal, revise what do you really think about BTC and choose a course of action. Even if you bought at $800 30 BTC , if you decide to sell at $300 it will be a nice option to restart again in some other field which you know best and / or feel more comfortable with.
This is my advise, with all respect.

Apple & Bitcoin?

Bitcoin is first and foremost a commodity like a new digital gold (instead of moving tons of dirt, lots of numbers shifted) and secondary can be used as currency just like gold. Money is not something you buy you take it with one hand and spent with the other.
Satoshi is so far ahead of everyone its not funny.

It is different... Still apple will walk hand in hand with bitcoin to make more money..

but when they add new features, such as sending money to other people, it will further weaken bitcoin, and give it one less feature to tout over fiat.

Just no. Apple Pay is more than simply using your phone in lieu of your credit or debit card.

Please look into the matter before making wild incorrect assertions.

You know what apple pay is? Credit card on your phone. Now that isn't very safe is it?


Exactly!

don't compare between
apple pay with bitcoins ,its different ...

You cannot send money anywhere with apple pay. It is only for "in person" transactions when you phone transmits your credit card information to the merchant in an encrypted format. People are saying that apple pay is a threat to bitcoin because of the hope that bitcoin would be used in a retail setting (buying things in physical stores)

people live for apple products.  how many million spend $600+ for their new phones every year?  to do the exact same things possible on the previous generation too...

these people will start to use apple pay, and if the fees are low enough to enable sending of money worldwide that is a big hit to btc.  that was one of the biggest things btc had going for it.  companies are going to beat btc to the punch, before it gets too big

Yes because the Great Pirate Rabbit is developing offline storage tech that's phenomenally cool and when they go mainstream, you're gonna want one so hard!

This is a non event because Apple pay is going to fail.

Some day Applepay will use BTC.

Apple and bitcoin should not compete with each other. They should use each other to gain more users and money.

Lol...guys why you wasting time on this clown.

At best he's a blathering idiot but more likely some shill of sorts for some interest group.

If you believe in what bitcoin is trying to do, then stick with it. We still have a long road ahead of us.

applepay is just a gimmick.. its still using fiat. all that has changed is that the debit card now chunkier has a touchscreen. its still taking something out your pocket and putting your hand near a machine.

if you watch the demo you see people pressing a few gestures on the screen to get into the applepay app and then holding the home button for 5 seconds..

so think about it practically.
take a debit card out of your pocket put it into a machine and press 4 digits (your pin number)
now
take out your iphone, swipe the screen to unlock the touchpad, open the applepay app, hold the ipone near a NFC reader and hold the home button for 5 seconds.

most people think that iphone is more practical compared to debit cards.. the reality is that you end up doing more muscle movements with an iphone. and have to rely on the fact that your phone has battery power.

now let me list the downsides of applepay compared to debit cards.
1. battery life of phone - you cant buy anything unless phone is charged up
2. requires you to enter your phones pin to activate screen
3. anyone standing within a few feet of you can 'sniff' the data being sent (yes they can)
4. if you have a cracked screen, your bankwont send you a new ipone to allow you to continue buying stuff
5. apple take a fee,
6. its still FIAT being used

i personally would say that applepay is the introduction people can use into bitcoin, letting people see that they can pay through a phone wallet. thats the gimmick part done..
but then introducing the new currency bitcoin as the deflationary and more secure/non-chargeback, little to no fee alternative.

applepay in my eyes is just a wallet app for fiat.. not any better than debit cards, not any faster than debit cards not any cheaper than debit cards.

You are comparing against 2 different things. Apple pay is still based on fiat and not a currency in the first place

un fortunately i cannot sell. I would lose 40% of my investment. <- this is some worrysome logic tho